TVS Motor Company Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 33.8%)
- ✓Efficient capital deployment (ROCE 17.4%)
Concerns
- ✗High premium to book value (P/B 16.8x)
- ✗Heavy debt load (D/E 3.4x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,035 | ₹4.1L Cr | 27.9 | 3.82 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,039 | ₹3.7L Cr | 21.1 | 4.06 | 20.8 | 15.4 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,350 | ₹2.9L Cr | 26.7 | 7.45 | 29.1 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,050 | ₹2.0L Cr | 35.2 | 7.7 | 24 | 30.5 | 0.02 |
| MOTHERSON Samvardhana Motherson International Limited | ₹143 | ₹1.5L Cr | 37 | 3.7 | 10.9 | 13.1 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,905 | ₹1.5L Cr | 28 | 7.74 | 29.9 | 38.4 | 0.05 |
| TMPV Tata Motors Passenger Vehicles Limited | ₹397 | ₹1.4L Cr | 22.6 | 1.31 | 5.58 | 2.73 | 0.61 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
TVSMOTOR · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 50.27% | 50.27% | 50.27% | 50.27% | 50.27% | 50.27% |
| FII | 19.27% | 20.83% | 21.05% | 22.33% | 21.20% | 21.48% |
| DII | 21.79% | 20.26% | 20.13% | 19.02% | 19.99% | 19.73% |
| Public | 8.68% | 8.64% | 8.56% | 8.33% | 8.45% | 8.45% |
| Others | — | — | — | 0.07% | 0.07% | 0.07% |
Corporate Events
To consider and approve inter alia, annual audited financial results for the year ended 31st March 2026 (Standalone and Consolidated)
Interim Dividend - Rs 12 Per Share
Record: 30 Mar 2026
Scheme Of Arrangement - Bonus Ncrps 4:1
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 8 Per Share
Latest News
All news →Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.8K Cr ▲5.0% | ₹14.1K Cr ▲15.1% | ₹12.2K Cr ▲5.8% | ₹11.5K Cr ▲4.6% | ₹11.0K Cr ▼2.4% | ₹11.3K Cr ▲9.6% | ₹10.3K Cr ▲3.7% | ₹9.9K Cr |
| Op. Profit | ₹2.3K Cr ▲7.4% | ₹2.1K Cr ▲17.0% | ₹1.8K Cr ▼5.3% | ₹1.9K Cr ▲16.6% | ₹1.6K Cr ▲0.6% | ₹1.6K Cr ▲13.5% | ₹1.4K Cr ▼1.6% | ₹1.5K Cr |
| OPM | 15.0% ▲0.0% | 15.0% ▲0.0% | 15.0% ▼6.3% | 16.0% ▲6.7% | 15.0% ▲7.1% | 14.0% ▲0.0% | 14.0% ▼6.7% | 15.0% |
| Net Profit | ₹891 Cr ▲7.0% | ₹833 Cr ▲29.5% | ₹643 Cr ▼7.9% | ₹698 Cr ▲14.6% | ₹609 Cr ▲3.6% | ₹588 Cr ▲21.2% | ₹485 Cr ▲17.7% | ₹412 Cr |
| EPS (₹) | 17.71 ▲5.8% | 16.74 ▲30.4% | 12.84 ▼5.9% | 13.64 ▲14.5% | 11.91 ▲0.9% | 11.8 ▲21.6% | 9.7 ▲19.0% | 8.15 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹56.1K Cr ▲27.2% | ₹44.1K Cr ▲13.7% | ₹38.8K Cr ▲21.3% | ₹32.0K Cr ▲31.3% | ₹24.4K Cr ▲25.4% | ₹19.4K Cr ▲3.0% | ₹18.8K Cr ▼6.5% | ₹20.2K Cr ▲23.4% | ₹16.3K Cr ▲31.1% | ₹12.5K Cr |
| Expenses | ₹47.7K Cr ▲27.2% | ₹37.5K Cr ▲12.5% | ₹33.3K Cr ▲19.3% | ₹27.9K Cr ▲29.4% | ₹21.6K Cr ▲25.7% | ₹17.2K Cr ▲3.6% | ₹16.6K Cr ▼7.8% | ₹18.0K Cr ▲21.9% | ₹14.8K Cr ▲27.4% | ₹11.6K Cr |
| Op. Profit | ₹8.4K Cr ▲27.0% | ₹6.6K Cr ▲21.0% | ₹5.4K Cr ▲35.0% | ₹4.0K Cr ▲46.2% | ₹2.8K Cr ▲23.4% | ₹2.2K Cr ▼1.4% | ₹2.3K Cr ▲4.7% | ₹2.2K Cr ▲37.7% | ₹1.6K Cr ▲80.4% | ₹871 Cr |
| OPM | 15.0% ▲0.0% | 15.0% ▲7.1% | 14.0% ▲7.7% | 13.0% ▲18.2% | 11.0% ▲0.0% | 11.0% ▼8.3% | 12.0% ▲9.1% | 11.0% ▲10.0% | 10.0% ▲42.9% | 7.0% |
| Other Income | ₹-28 Cr ▼128.3% | ₹99 Cr ▼24.4% | ₹131 Cr ▼3.7% | ₹136 Cr ▲2820.0% | ₹-5 Cr ▼113.9% | ₹36 Cr ▲200.0% | ₹12 Cr ▼52.0% | ₹25 Cr ▼64.8% | ₹71 Cr ▼56.4% | ₹163 Cr |
| Interest | ₹2.2K Cr ▲6.5% | ₹2.1K Cr ▲9.2% | ₹1.9K Cr ▲40.1% | ₹1.4K Cr ▲45.5% | ₹940 Cr ▲6.7% | ₹881 Cr ▲3.0% | ₹855 Cr ▲29.0% | ₹663 Cr ▲96.2% | ₹338 Cr ▲463.3% | ₹60 Cr |
| Depreciation | ₹1.3K Cr ▲21.7% | ₹1.0K Cr ▲9.4% | ₹956 Cr ▲11.3% | ₹859 Cr ▲15.6% | ₹743 Cr ▲31.5% | ₹565 Cr ▲1.6% | ₹556 Cr ▲25.8% | ₹442 Cr ▲18.2% | ₹374 Cr ▲18.0% | ₹317 Cr |
| PBT | ₹4.8K Cr ▲36.4% | ₹3.5K Cr ▲31.3% | ₹2.7K Cr ▲39.1% | ₹1.9K Cr ▲81.4% | ₹1.1K Cr ▲29.8% | ₹822 Cr ▼5.0% | ₹865 Cr ▼20.1% | ₹1.1K Cr ▲16.3% | ₹931 Cr ▲41.5% | ₹658 Cr |
| Tax % | 34.0% ▲3.0% | 33.0% ▼2.9% | 34.0% ▲6.3% | 32.0% ▲3.2% | 31.0% ▲19.2% | 26.0% ▲4.0% | 25.0% ▼24.2% | 33.0% ▲13.8% | 29.0% ▲26.1% | 23.0% |
| Net Profit | ₹3.2K Cr ▲33.9% | ₹2.4K Cr ▲33.8% | ₹1.8K Cr ▲35.9% | ₹1.3K Cr ▲79.1% | ₹731 Cr ▲20.2% | ₹608 Cr ▼6.0% | ₹647 Cr ▼10.8% | ₹725 Cr ▲9.0% | ₹665 Cr ▲30.6% | ₹509 Cr |
| EPS (₹) | 63.53 ▲35.0% | 47.06 ▲32.6% | 35.5 ▲26.9% | 27.97 ▲75.6% | 15.93 ▲27.3% | 12.51 ▼4.9% | 13.15 ▼11.3% | 14.83 ▲8.0% | 13.73 ▲27.6% | 10.76 |
| Div Payout | 0.0% ▼100.0% | 21.0% ▼8.7% | 23.0% ▲27.8% | 18.0% ▼25.0% | 24.0% ▼14.3% | 28.0% ▲3.7% | 27.0% ▲12.5% | 24.0% ▲0.0% | 24.0% ▲4.3% | 23.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr |
| Reserves | ₹8.1K Cr ▼4.6% | ₹8.5K Cr ▲25.5% | ₹6.7K Cr ▲23.4% | ₹5.5K Cr ▲25.4% | ₹4.4K Cr ▲15.2% | ₹3.8K Cr ▲16.8% | ₹3.2K Cr ▲3.6% | ₹3.1K Cr ▲18.7% | ₹2.6K Cr ▲21.3% | ₹2.2K Cr |
| Borrowings | ₹31.6K Cr ▲10.4% | ₹28.6K Cr ▲10.0% | ₹26.0K Cr ▲16.2% | ₹22.4K Cr ▲41.4% | ₹15.8K Cr ▲30.0% | ₹12.2K Cr ▲5.1% | ₹11.6K Cr ▲24.7% | ₹9.3K Cr ▲34.2% | ₹6.9K Cr ▲428.5% | ₹1.3K Cr |
| Other Liabilities | ₹12.2K Cr ▲16.0% | ₹10.5K Cr ▲14.1% | ₹9.2K Cr ▲29.3% | ₹7.1K Cr ▲6.8% | ₹6.7K Cr ▲14.2% | ₹5.9K Cr ▲33.2% | ₹4.4K Cr ▲4.0% | ₹4.2K Cr ▲17.9% | ₹3.6K Cr ▲37.9% | ₹2.6K Cr |
| Total Liabilities | ₹51.9K Cr ▲9.0% | ₹47.7K Cr ▲13.4% | ₹42.0K Cr ▲20.0% | ₹35.0K Cr ▲30.1% | ₹26.9K Cr ▲23.1% | ₹21.9K Cr ▲13.5% | ₹19.3K Cr ▲15.4% | ₹16.7K Cr ▲26.6% | ₹13.2K Cr ▲115.2% | ₹6.1K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹9.1K Cr ▲19.7% | ₹7.6K Cr ▲29.8% | ₹5.9K Cr ▲2.5% | ₹5.7K Cr ▼3.8% | ₹6.0K Cr ▲41.6% | ₹4.2K Cr ▲10.8% | ₹3.8K Cr ▲13.2% | ₹3.4K Cr ▲8.8% | ₹3.1K Cr ▲31.0% | ₹2.4K Cr |
| CWIP | ₹701 Cr ▼52.2% | ₹1.5K Cr ▲41.8% | ₹1.0K Cr ▲39.0% | ₹743 Cr ▲34.6% | ₹552 Cr ▼47.0% | ₹1.0K Cr ▲3.5% | ₹1.0K Cr ▲35.0% | ₹745 Cr ▲138.0% | ₹313 Cr ▲389.1% | ₹64 Cr |
| Investments | ₹1.3K Cr ▲5.5% | ₹1.2K Cr ▲11.0% | ₹1.1K Cr ▲16.1% | ₹967 Cr ▲59.8% | ₹605 Cr ▲29.3% | ₹468 Cr ▲26.1% | ₹371 Cr ▼15.7% | ₹440 Cr ▲4.5% | ₹421 Cr ▼63.5% | ₹1.2K Cr |
| Other Assets | ₹40.8K Cr ▲9.3% | ₹37.3K Cr ▲9.8% | ₹34.0K Cr ▲23.3% | ₹27.6K Cr ▲39.3% | ₹19.8K Cr ▲22.6% | ₹16.1K Cr ▲14.6% | ₹14.1K Cr ▲16.0% | ₹12.1K Cr ▲29.7% | ₹9.4K Cr ▲267.6% | ₹2.5K Cr |
| Total Assets | ₹51.9K Cr ▲9.0% | ₹47.7K Cr ▲13.4% | ₹42.0K Cr ▲20.0% | ₹35.0K Cr ▲30.1% | ₹26.9K Cr ▲23.1% | ₹21.9K Cr ▲13.5% | ₹19.3K Cr ▲15.4% | ₹16.7K Cr ▲26.6% | ₹13.2K Cr ▲115.2% | ₹6.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.5K Cr ▲379.6% | ₹-1.3K Cr ▲71.6% | ₹-4.4K Cr ▼179.7% | ₹-1.6K Cr ▼236.8% | ₹1.2K Cr ▲208.6% | ₹373 Cr ▲140.6% | ₹-918 Cr ▼359.3% | ₹354 Cr ▼48.6% | ₹689 Cr ▼26.4% | ₹936 Cr |
| Investing CF | ₹-2.9K Cr ▼95.7% | ₹-1.5K Cr ▼13.2% | ₹-1.3K Cr ▲11.1% | ₹-1.5K Cr ▼66.8% | ₹-882 Cr ▲19.1% | ₹-1.1K Cr ▲1.3% | ₹-1.1K Cr ▼0.8% | ₹-1.1K Cr ▼54.4% | ₹-709 Cr ▼17.2% | ₹-605 Cr |
| Financing CF | ₹1.2K Cr ▼64.3% | ₹3.2K Cr ▼47.1% | ₹6.1K Cr ▲109.7% | ₹2.9K Cr ▲1005.3% | ₹264 Cr ▼83.7% | ₹1.6K Cr ▼26.7% | ₹2.2K Cr ▲146.4% | ₹897 Cr ▲1620.3% | ₹-59 Cr ▲81.5% | ₹-319 Cr |
| Net Cash Flow | ₹1.8K Cr ▲248.3% | ₹505 Cr ▲24.4% | ₹406 Cr ▲417.2% | ₹-128 Cr ▼124.1% | ₹532 Cr ▼41.0% | ₹902 Cr ▲379.8% | ₹188 Cr ▲20.5% | ₹156 Cr ▲297.5% | ₹-79 Cr ▼758.3% | ₹12 Cr |
| Free Cash Flow | ₹1.0K Cr ▲144.2% | ₹-2.4K Cr ▲58.7% | ₹-5.7K Cr ▼126.2% | ₹-2.5K Cr ▼1215.0% | ₹227 Cr ▲136.8% | ₹-617 Cr ▲69.9% | ₹-2.0K Cr ▼181.7% | ₹-727 Cr ▼1218.5% | ₹65 Cr ▼84.7% | ₹424 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14d ▼17.6% | 17d ▲21.4% | 14d ▼22.2% | 18d ▼5.3% | 19d ▼32.1% | 28d ▲0.0% | 28d ▲16.7% | 24d ▲14.3% | 21d ▲31.3% | 16d |
| Inventory Days | 33d ▼2.9% | 34d ▲0.0% | 34d ▼8.1% | 37d ▼5.1% | 39d ▲11.4% | 35d ▲2.9% | 34d ▲0.0% | 34d ▼27.7% | 47d ▲17.5% | 40d |
| Days Payable | 103d ▲3.0% | 100d ▲12.4% | 89d ▼15.2% | 105d ▼13.2% | 121d ▲28.7% | 94d ▲13.3% | 83d ▼3.5% | 86d ▲7.5% | 80d ▲8.1% | 74d |
| Cash Conv. Cycle | -56d ▼14.3% | -49d ▼19.5% | -41d ▲18.0% | -50d ▲20.6% | -63d ▼103.2% | -31d ▼47.6% | -21d ▲25.0% | -28d ▼133.3% | -12d ▲33.3% | -18d |
| Working Capital Days | -17d ▲15.0% | -20d ▲59.2% | -49d ▼22.5% | -40d ▼5.3% | -38d ▼40.7% | -27d ▼2600.0% | -1d ▲97.3% | -37d ▼54.2% | -24d ▼20.0% | -20d |
| ROCE | 15.0% ▲0.0% | 15.0% ▲15.4% | 13.0% ▲18.2% | 11.0% ▲0.0% | 11.0% ▼15.4% | 13.0% ▼18.8% | 16.0% ▼15.8% | 19.0% ▼13.6% | 22.0% ▲0.0% | 22.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About TVS Motor Company Limited
TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. [1]
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